BREAK IN TRANSCRIPT
Mr. WYDEN. Madam President, the Senator from Florida claims to be looking out for gig workers and freelancers. The reality is very different.
What is in the bill, which the Senator from Florida apparently opposes, is a way to make sure that these workers can get the information they need to help meet their existing tax obligations. Without this information, for example, workers may lose out on benefits that would help them pay rent and buy groceries. They could inadvertently lose out on important tax benefits, like the earned income tax credit. The rescue plan, of course, expands the earned tax credit. We want to make sure that every eligible worker can get that financial help.
Finally, without reporting, workers might jeopardize the size of their future Social Security benefits, putting their retirement security at risk.
So what the Senator from Florida is up to here would deprive American entrepreneurs of the information they need to keep business records, comply with tax requirements, and claim important Federal benefits. For these reasons, I strongly object to this request for unanimous consent.
BREAK IN TRANSCRIPT